# Capital Allowances Act 2001, Section 218A: Further restriction on annual investment allowance


(1) This section applies where an arrangement is entered into wholly or mainly for a disqualifying purpose.
(2) Arrangements are entered into for a disqualifying purpose if their main purpose, or one of their main purposes, is to enable a person to obtain an annual investment allowance to which the person would not otherwise be entitled.
(3) The annual investment allowance mentioned in subsection (2) is not to be made.
(4) Any annual investment allowance which is prohibited by subsection (3), but which has already been made, is to be withdrawn.

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/section/218A (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-218A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.